Subscribe to our Newsletters

Should You Buy a Home Now, Even With Bad Credit?
Feb 16

Should You Buy a Home Now, Even With Bad Credit?

Which is better: Trying to buy a home now with a bad credit score; or, rebuilding your credit first, then buying a home? MyBankTracker unwinds the dilemma. If you buy a home now and you have bad credit, you will only qualify for a loan with a higher than normal interest rate. That translates into

Read »
Should You Refinance Your Mortgage Since Rates Are Low?
Jan 27

Should You Refinance Your Mortgage Since Rates Are Low?

The good news about low mortgage interest rates means a lot of home owners are seriously thinking about refinancing their home loans. In many cases, refinancing may make sense. But, it can turn out to be an expensive proposition unless you approach it with careful consideration. It may seem like a dumb question, but we’re

Read »
Despite Low Interest Rates, Borrowers Still Need Help With Mortgages
Jan 21

Despite Low Interest Rates, Borrowers Still Need Help With Mortgages

Mortgage interest rates are sinking toward all-time lows! That headline should be shouting happy news to home buyers and the housing market. Instead, a consumer watchdog agency warns that we may not be maxing out the potential benefit of this buyer’s, or make that, borrower’s market. A report on the mortgage experience by the Consumer Financial

Read »
Among the ‘Unbanked,’ Prepaid Cards More Popular Than Cat Videos
Nov 13

Among the ‘Unbanked,’ Prepaid Cards More Popular Than Cat Videos

The “unbanked,” by definition, don’t use savings or checking accounts, but that doesn’t mean they’re not huge fans of prepaid cards — cards preloaded with funds that act like a debit or credit card, but aren’t linked to any financial account. This affinity is undeniable. Although representing just 7 percent of the adult population, the

Read »
Are CDs Still Worth It? 10 Rollover Ideas Before Your CD Matures
Oct 24

Are CDs Still Worth It? 10 Rollover Ideas Before Your CD Matures

With your certificate of deposit (CD) about to roll over, now’s the time to ask, are CDs worth it? Sure, you love the safety of investing in an FDIC-insured product, but CD yields have been scraping historical lows and show few signs, according to expert projections, of going up anytime soon. Do you just robotically

Read »
10 Reasons Convenience Checks Are Dangerous to Your Financial Health
Oct 15

10 Reasons Convenience Checks Are Dangerous to Your Financial Health

Your credit card company absolutely loves you for being a loyal, punctual, bill-paying customer, and now wants to show you its appreciation by making you a fantastic limited-time offer. In a letter personally addressed to you and highlighted in red, you’ve been invited to use an enclosed set of credit card convenience checks however you please.

Read »
How to Accept Credit Cards for Your Small Business
Jul 31

How to Accept Credit Cards for Your Small Business

If you’re getting ready to start a small business, or already have one up and running but need to expand your method of payment acceptance, you’ll want to know about the different ways you can accept credit or debit card payments from your customers. Not many years ago, anyone who wanted to start a small

Read »
Mortgage Rates Show Slight Drop
Jul 29

Mortgage Rates Show Slight Drop

Mortgage rates fell slightly for the first time since May, as of the close of the week of July 19.

Read »
Debit Transactions Growing in Volume, Shrinking in Size
Aug 23

Debit Transactions Growing in Volume, Shrinking in Size

Year over year, and despite regulations on the industry, consumers are turning to debit in greater numbers. Debit offers better control over spending, and greater ease for consumers. But because of the Durbin amendment to the Dodd-Frank Act, which limits the amount banks can charge for debit swipes, the industry is likely hurting from this

Read »
The Wealthy Prepare to Move Their Bankrolls
Jul 23

The Wealthy Prepare to Move Their Bankrolls

The upcoming expiration of a generous deposit-insurance law may have the “1 percent” and cash-heavy savers scrambling to safeguard the large amounts of funds they have stored in certain bank accounts.

Read »